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Bullish Moving Average Cross by Lexmark International (LXK)

By Amy Schwartz

Lexmark International (NYSE:LXK) shares have crossed bullishly above their 10-day moving average of $37.47 on a volume of 117K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Lexmark International share prices have moved between a 52-week high of $47.69 and a 52-week low of $24.11 and are now trading 56% above that low price at $37.71 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Lexmark International on April 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.32. Since that recommendation, shares of Lexmark International have risen 8.8%. We continue to monitor LXK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Lexmark International

Ticker(s): LXK